Omega Oil & Gas Says JV Wins Queensland Government Award; Shares Rise 12%

MT Newswires Live

02/10

Omega Oil & Gas (ASX:OMA) said its joint venture, in which it has a 45% stake, has won an award from the Queensland Government for a new land area, PLR2025-1-9, in the Taroom Trough, according to a Tuesday filing with the Australian bourse.

The other parties in the JV are Beach Energy (ASX:BPT), which owns a 25% stake, and Tri-Star, the filing said.

All gas produced from PLR2025-1-9 is to be sold in the domestic market, the filing added.

OMA now holds a commanding position in the Taroom Trough and will immediately start work to incorporate drilling in PLR2025-1-9, the company said.

Shares of the company rose 12% in recent Tuesday trade, while shares of Beach Energy rose 2%.

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Gas (ASX:OMA) said its joint venture, in which it has a 45% stake, has won an award from the Queensland Government for a new land area, PLR2025-1-9, in the Taroom Trough, according to a Tuesday filing with the Australian bourse.</p><p>The other parties in the JV are <a href=\"https://laohu8.com/S/BPT.AU\">Beach Energy</a> (ASX:BPT), which owns a 25% stake, and Tri-<a href=\"https://laohu8.com/S/SGU\">Star</a>, the filing said.</p><p>All gas produced from PLR2025-1-9 is to be sold in the domestic market, the filing added.</p><p>OMA now holds a commanding position in the Taroom Trough and will immediately start work to incorporate drilling in  PLR2025-1-9, the company said.</p><p>Shares of the company rose 12% in recent Tuesday trade, while shares of Beach Energy rose 2%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BPT.AU","symbol_name":"BEACH ENERGY LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2610667761","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610667761","pubTimestamp":1770682751,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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